The Difference Between GDP at Factor Cost and GDP at Market

question 83

Multiple Choice

The difference between GDP at factor cost and GDP at market prices is:

• A)wages.
• B)profit.
• C)interest.
• D)indirect taxes less subsidies.
• E)indirect taxes plus subsidies.

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Definitions:

Self-appraisals

The process in which employees evaluate their own job performance and productivity, often as part of performance management systems.

Administrative Decisions

Decisions related to the management and operations of an organization, often involving organizational policy or resource allocation.

Tell-and-sell Approach

A sales technique that involves informing customers about a product's benefits followed by persuading them to make a purchase.

Ratings

Assessments or evaluations based on a scale or set criteria to determine the quality, performance, or suitability of something or someone.